ISL is most probably in wave C or 3
If our wave count is correct then we are in a lesser degree as wave 3 of wave C or 3 which will take prices toward 157 level and further up towards 230 levels.
We are bullish and are already active in this trade, price should dip as wave 4 in coming days giving us opportunity to add more to our positions.
This trade setup will get invalidated once price break below 62 level.
Trade Setup:
Entry level: 123
Stop loss: 80.14
Target:
T1: 157
T2: 230
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
If our wave count is correct then we are in a lesser degree as wave 3 of wave C or 3 which will take prices toward 157 level and further up towards 230 levels.
We are bullish and are already active in this trade, price should dip as wave 4 in coming days giving us opportunity to add more to our positions.
This trade setup will get invalidated once price break below 62 level.
Trade Setup:
Entry level: 123
Stop loss: 80.14
Target:
T1: 157
T2: 230
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
Trade active
Trade Setup:Entry level: 123
Stop loss: 80.14
Target:
T1: 157
T2: 230
Note
Price might decline from here towards 117 level, if it does we will add more to our positionsTrade closed manually
Looking at the minor wave structure developing on our Karachi All Share chart, we are anticipating a market correction from 96000 level therefore this trade has been closed prematurely.Overall performance -
Entry price: 123
Exit price: 128.50
Profit @ share: 5.5
Gross profit: 4.47%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.